Maharashtra Leads India CV Sales With 15.9% Share in Q3 FY26

India sold 2.90 lakh commercial vehicles in the October–December 2025 quarter. Maharashtra recorded the highest state-level sales at 0.46 lakh units. The state accounted for 15.9% of total commercial vehicle sales across the country, according to data released by SIAM.

Maharashtra's Share Nearly Double That of Second-Ranked Gujarat

Maharashtra's 15.9% share was the largest by a considerable margin. It outpaced second-ranked Gujarat, which contributed 9.1% of national sales. The gap of nearly seven percentage points points to Maharashtra's outsized role in driving commercial transport demand. Major industrial clusters, port infrastructure, and logistics corridors underpin this demand.

Uttar Pradesh, Tamil Nadu, and Karnataka Follow

Uttar Pradesh ranked third with an 8.3% share. Tamil Nadu followed at 8.2%, with Karnataka at 7.0%. Uttar Pradesh's performance reflects growing freight movement in northern India driven by agricultural produce and manufacturing output. Tamil Nadu's strong showing aligns with its position as a leading manufacturing state with automobile, engineering, and textile industries.

Western Zone Leads with 1.11 Lakh Units

At the regional level, the Western Zone led the country with sales of 1.11 lakh units. The combined performance of Maharashtra and Gujarat drove this dominance. The density of industrial activity, port traffic, and inter-state freight movement characterises western India's economic geography. Major ports including Mumbai, Nhava Sheva, and Mundra generate substantial demand for medium and heavy commercial vehicles.

Also Read : SIAM Releases Zone-Wise LCV Truck Sales Data of Q3 FY26

CV Sales Tracked as Leading Economic Indicator

Commercial vehicle demand is closely correlated with the health of the economy, infrastructure investment, and industrial activity. Sales figures are widely tracked as a leading indicator of economic momentum, particularly in the goods transport sector. The segment has also been at the centre of India's push toward cleaner mobility with CNG variants and electric vehicles gaining traction.

Also Read : SIAM Releases Zone-Wise MHCV Truck Sales Data of Q3 FY26